--- title: 'Risk Analyst at iwoca' canonical: 'https://feeny.ai/job/risk-analyst-iwoca-london-parp67rbddce' type: 'job' last_seen: '2026-11-08' --- # Risk Analyst at iwoca - **Company:** iwoca - **Location:** London, United Kingdom - **Employment:** full-time - **Work type:** hybrid - **Posted:** 2026-11-03 - **Last confirmed live:** 2026-11-08 - **Apply:** https://jobs.ashbyhq.com/iwoca.co.uk/cef22eea-a973-436a-80ea-c5a32792d4c5 ## Job description The company Small businesses move fast. Opportunities often don’t wait, and cash flow pressures can appear overnight. To keep going, and growing, SMEs need finance that’s as flexible and responsive as they are. That's why we built iwoca. Our smart technology, data science and five-star customer service ensures business owners can act with the speed, confidence and control they need, exactly when it's needed. We’ve already cleared the way for 100,000 businesses with more than £4 billion in funding. Our passionate team is driven to help even more SMEs succeed, through access to better finance and other services that make running a business easier. Our ultimate mission is to support one million SMEs in their defining moments, creating lasting impact for the communities and economies they drive. We’re looking for a Risk Analyst (Hybrid in London) You'll support & refine our lending strategy within Germany, including supporting new growth initiatives, designing & analysing tests, supporting the development of our scorecards and underwriting strategy, and managing our portfolio risk. Working closely with data scientists, credit analysts and cross functional teams, you’ll solve analytical problems to help us provide small & medium size businesses in Germany with the funds they need to grow. The team The Lending Strategy team decides who iwoca lends to in Germany, and on what terms. Its work covers model development, lending strategy, and portfolio risk. The team works closely with Data Science (credit models), Product, tech teams, Operations Strategy, and our team of Credit Analysts. The team’s work is central to iwoca Germany’s growth and has a direct impact on both customer outcomes and business performance. The team includes data scientists, developers, and risk analysts, all working hybrid schedules in London. ## The role We're looking for a curious and motivated individual to join our Lending Strategy team as a Risk Analyst. You’ll work with analysts, data scientists, and senior stakeholders to shape iwoca Germany’s lending strategy. Key responsibilities include: - Build expertise in the credit domain. - Develop your analytical skills through exposure to different experimental approaches and complex analysis. - Play a leading role in providing insightful analytics on the risk profile of our lending book and assisting with lending strategy decisions. - Partner with key stakeholders within Team Germany in order to provide credit risk expertise to multi-disciplinary projects. - Work closely with the data science teams to improve our credit assessment scorecards & strategies (both for our automated and manual underwriting processes). - Develop and maintain reporting dashboards, presenting a clear picture of the state of our lending. - Practice turning data into information, and information into insights, so that you and various stakeholders can deliver improvements with real impact for our customers. The requirements We look for people that are smart, humble, motivated and who are always looking to improve. Essential: - A degree in a quantitative field such as Mathematics, Physics, Engineering, or similar. - Ability to analyse data and generate insights to support decisions. - Clear written and verbal communication, with the ability to tailor analysis and recommendations to different audiences. - An analytical mindset with a practical approach to problem solving. - A bucket-load of common sense. - A commitment to using modern tools effectively – including AI – to maximise quality, speed, and rigour, while retaining responsibility for accuracy and outcomes. Bonus: - Experience in B2B or B2C credit risk lending and strategy. - Experience with SQL and Python - Experience with data visualisation tools like Looker The salary We expect to pay from £40,000–£55,000 for this role. But, we’re open-minded, so definitely include your salary goals with your application. We routinely benchmark salaries against market rates, and run quarterly performance and salary reviews. The culture At iwoca, we prioritise a culture of learning, growth, and support, and invest in the development of our team members. We value thought and skill diversity, and encourage people to explore new areas of interest, adopt better tools – including AI – and apply sound judgement so our products and decisions improve over time. The offices We put a lot of effort into making iwoca a great place to work: - Offices in London, Leeds, Berlin, and Frankfurt with plenty of drinks and snacks. - Events and community-led groups, including running groups, padel, and monthly ping-pong and pool competitions. The benefits - Flexible working hours. - Medical insurance from Vitality, including discounted gym membership. - A choice between a dedicated dental plan or a health cash plan that reimburses everyday medical expenses. - A private GP service (separate from Vitality) for you, your partner, and your dependents. - 25 days’ holiday per year, an extra day off for your birthday, the option to buy or sell an additional five days of annual leave, and unlimited unpaid leave. - A one-month, fully paid sabbatical after four years. - Instant access to external counselling and therapy sessions for team members that need emotional or mental health support. - 3% Pension contributions on total earnings. - An employee equity incentive scheme. - Generous parental leave and a nursery tax benefit scheme to help you save money. - Electric car scheme and cycle to work scheme. - Two company retreats a year: we’ve been to France, Italy, Spain, and further afield. And to make sure we all keep learning, we offer: - A learning and development budget for everyone. - Company-wide talks with internal and external speakers. - Access to learning platforms like Treehouse. Useful links: - [iwoca benefits & policies](https://coda.io/@iwocauk/iwoca-benefits-policies-uk) - [Interview welcome pack](https://coda.io/@iwocauk/interview-welcome-pack-tap) ## About iwoca ## Company Overview - **One-liner**: iwoca is a fintech company that provides fast, flexible business loans and financial products to small and medium-sized enterprises (SMEs) in the UK and Germany. - **Entity Type**: Private (Series D; cumulative debt and equity investment exceeds £1 billion) - **Headquarters**: London, United Kingdom (additional offices in Leeds, Frankfurt, and Berlin) - **Founded**: October 2011 - **Founders**: Christoph Rieche (CEO), James Dear (Co-founder) ## Core Business - **Primary industry/industries**: Financial services – small business lending and embedded finance. - **Target customers**: B2B – small and medium-sized enterprises (SMEs) in the UK and Germany. - **Mission/purpose**: “Rebuild finance for small businesses” – to fund one million small businesses and give them straightforward access to finance without the friction of traditional banks. ## Products & Services - **Flexi-Loan (Core Product)**: Unsecured business loan from £1,000 to £1,000,000 (UK) / €500,000 (Germany). Apply in 5 minutes, decision within 24 hours, repay early for free. Interest from 1.5% per 30 days, terms up to 5 years. - **iwocaPay**: An integrated trade credit and payment solution that lets suppliers get paid instantly while giving trade customers up to £30,000 with instalment options (1, 3, or 12 months). - **iwoca Business Credit Card** (launched May 2026): Up to £250,000 credit line with 1% cashback on all spending, up to 42 days interest-free, no annual/FX/late payment fees. ## Market Standing - **Valuation**: Not publicly disclosed. - **Key Metric**: Total funding raised (including debt facilities) exceeds **£1 billion** since 2012; cumulative lending of approximately **£4 billion** to over **100,000 businesses**. - **Notable Investors/Partners**: Citibank, Insight Investment, Barclays, Värde Partners, Pollen Street Capital, Augmentum (led Series D in 2019), UK Government’s Capability & Innovations Fund. - **Growth Signals**: - Headcount grew ~30% in the past year (now ~500+ “iwocans”). - Loan book grew over 50% year-on-year. - Expanded into Germany (2015) and opened an office in Leeds. - Achieved net profitability in Q4 2022 and has remained profitable since. - Won “UK’s Top 50 Fintechs to Work For” (2025) by Welcome To The Jungle. ## Competitive Advantages - **Speed and technology**: Fully automated, lightning-fast lending software – first lender in the UK to use Open Banking to connect with large banks. - **Customer experience**: 5-minute application, 24-hour decision, free early repayment, Trustpilot-recognised customer service. - **Product innovation**: Launched iwocaPay (trade credit) and a business credit card, expanding beyond basic loans. - **Scale and data**: Over a decade of lending data and a proprietary credit analysis model that blends automation with human judgment. ## Strategic Focus - **Expand product suite**: Continue growing iwocaPay and the new business credit card to offer a full financial toolkit for SMEs. - **Geographic growth**: Deepen presence in Germany and the UK while maintaining profitability. - **Scale to one million businesses**: Increase loan book, approval volumes, and customer base through technology and partnerships. ## Why Work Here - **Culture**: Values-driven (“Growth Mindset”, “Humble”, “Smart”, “Motivated”). Emphasis on learning from mistakes, celebrating wins, and personal ownership. - **Flexibility**: Hybrid/remote-friendly with flexible working arrangements. Twice-yearly team trips to locations like Sicily or the French Alps for co-working weeks. - **Benefits**: Comprehensive health insurance, cash plan, discounted gym membership, annual stock options for all employees, enhanced maternity/paternity leave, nursery benefit, unlimited unpaid leave, dedicated learning time and budget. - **Office life**: Each floor of London HQ has stocked fridges for breakfast/snacks, monthly social mixers. - **Visa sponsorship**: Available for suitable roles. - **Recognition**: 4.7 rating on Glassdoor, named a top fintech employer in 2025. ## Sources 1. [iwoca.co.uk – Careers](https://www.iwoca.co.uk/careers) 2. [iwoca.co.uk – About Us](http://iwoca.co.uk/about-us) 3. [iwoca.co.uk – Homepage](https://www.iwoca.co.uk/) 4. [Wikipedia – Iwoca](https://en.wikipedia.org/wiki/Iwoca) 5. [LinkedIn – iwoca](https://uk.linkedin.com/company/iwoca) ## Other roles at iwoca - [Senior Data Scientist - Credit Risk Modelling](https://feeny.ai/job/senior-data-scientist-credit-risk-modelling-iwoca-london-wmatmpqj4tsn) — London, United Kingdom - [Data Scientist - Credit Risk Modelling](https://feeny.ai/job/data-scientist-credit-risk-modelling-iwoca-london-1zrr5ngksd53) — London, United Kingdom - [Tech Lead - New Customers Team](https://feeny.ai/job/tech-lead-new-customers-team-iwoca-london-qhe1v3f20238) — London, United Kingdom - [Applied AI Engineer](https://feeny.ai/job/applied-ai-engineer-iwoca-london-am012dk53em7) — London, United Kingdom - [M&A Intern](https://feeny.ai/job/m-a-intern-iwoca-london-n7ywsfx51yg1) — London, United Kingdom - [Performance Creative Strategist](https://feeny.ai/job/performance-creative-strategist-iwoca-london-hmbnx4b32ek1) — London, United Kingdom - [Product Owner - Acquitech](https://feeny.ai/job/product-owner-acquitech-iwoca-london-rdk04e4ws1fd) — London, United Kingdom - [Business Development Executive](https://feeny.ai/job/business-development-executive-iwoca-london-kgxbyrtbkewf) — London, United Kingdom - [Senior Backend Engineer - Introducer Tech](https://feeny.ai/job/senior-backend-engineer-introducer-tech-iwoca-london-p0kjzqk1hm0r) — London, United Kingdom - [Senior Full-Stack Engineer - Credit Cards](https://feeny.ai/job/senior-full-stack-engineer-credit-cards-iwoca-london-2dhnxj8j52xx) — London, United Kingdom